ABSTRACT

Mongiovi declares that deficiencies in the Post Keynesian tradition stem from their ‘failure’ to pay adequate attention to the theory of value and distribution. It is not clear from his remarks whether he believes that The General Theory is deficient or the interpretation of The General Theory by Post Keynesians is the problem. Since I believe that Post Keynesian theory is an accurate representation of Keynes, I shall interpret Mongiovi as attacking Keynes by alleging an inadequate attention to the classical (neo-Ricardian) theory of value and distribution.